THELOGICALINDIAN - Ripple remained able aloft 02024 and 02024 adjoin the US Dollar However XRP charge beat the 02024 and 02050 attrition levels to accretion bullish drive in the abreast term
Ripple Price is Facing Hurdles
After testing the $0.1850 abutment zone, ripple started a appropriate advancement move aloft $0.1900. XRP amount bankrupt the $0.1900 and $0.1920 attrition levels to move into a abbreviate appellation bullish zone.
There was a bright breach aloft the 23.6% Fib retracement akin of the key bead from the $0.2250 beat aerial to $0.1850 low. More importantly, there was a breach aloft a key bearish trend band with attrition abreast $0.1975 on the alternate chart of the XRP/USD pair.
Ripple is now trading aloft the $0.2024 level, but it is adverse a brace of key hurdles abreast $0.2024. An antecedent attrition is abreast the 100 alternate simple affective boilerplate at $0.2024.
The aboriginal above attrition is abreast the $0.2050 level. It represents the 50% Fib retracement akin of the key bead from the $0.2250 beat aerial to $0.1850 low. If XR amount break the $0.2050 attrition zone, there are aerial affairs of a abiding advancement move.
The abutting aloft attrition is abreast the $0.2100 level, aloft which the beasts are acceptable to aim a analysis of the $0.2200 and $0.2220 levels in the abreast term.
U-turn in XRP?
If ripple fails to accretion bullish drive aloft the $0.2024 and $0.2024 attrition levels, there are affairs of a beginning decline. An antecedent abutment is apparent abreast the $0.2024 level.
The aboriginal aloft abutment is abreast the $0.1920 level, beneath which the amount could attempt to break aloft $0.1900. In the mentioned case, there is a accident of more downsides appear the $0.1850 and $0.1840 levels.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is currently accident clip in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is acclimation lower appear the 50 level.
Major Support Levels – $0.2024, $0.2024 and $0.1880.
Major Resistance Levels – $0.2024, $0.2040 and $0.2050.
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